LA BELLE EPOQUE SPA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LA BELLE EPOQUE SPA
Largest movements
- Receivables within one year -€14,018
down €14,018 (-56.0%), from €25,034 to €11,016
of which Trade receivables: -€11,121
- Stocks and contracts +€7,082
new in 2025: €7,082
- Financial fixed assets +€2,926
up €2,926 (+71.8%), from €4,074 to €7,000
- Tangible fixed assets -€2,432
down €2,432 (-33.9%), from €7,171 to €4,739
of which Plant, machinery and equipment: -€1,548
- Deferred charges and accrued income -€1,853
no longer reported in 2025 (was €1,853)
- Other debts +€76,123
up €76,123 (+94.2%), from €80,803 to €156,926
- Profit (loss) carried forward -€38,631
down €38,631 (-20.3%), from -€190,450 to -€229,081
- Trade debts -€31,787
down €31,787 (-53.0%), from €59,951 to €28,164
- Tax, wage and social debts -€15,666
down €15,666 (-48.2%), from €32,524 to €16,858
of which Taxes: -€17,592
- Short-term financial debts +€2,345
up €2,345 (+24.7%), from €9,487 to €11,833
- Gross operating margin -€145,932
down €145,932, from €139,200 to -€6,732
- Staff costs -€106,843
down €106,843 (-83.2%), from €128,409 to €21,566
- Financial charges -€8,423
down €8,423 (-73.0%), from €11,541 to €3,119
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,940 | €32,324 | -€7,616 | -19.1% |
| Fixed assets | 21/28 | €11,245 | €11,739 | +€494 | +4.4% |
| Tangible fixed assets | 22/27 | €7,171 | €4,739 | -€2,432 | -33.9% |
| Plant, machinery and equipment | 23 | €3,712 | €2,164 | -€1,548 | -41.7% |
| Furniture and vehicles | 24 | €3,459 | €2,575 | -€883 | -25.5% |
| Financial fixed assets | 28 | €4,074 | €7,000 | +€2,926 | +71.8% |
| Current assets | 29/58 | €28,695 | €20,584 | -€8,111 | -28.3% |
| Stocks and contracts in progress | 3 | - | €7,082 | +€7,082 | |
| Stocks | 30/36 | - | €7,082 | +€7,082 | |
| Amounts receivable within one year | 40/41 | €25,034 | €11,016 | -€14,018 | -56.0% |
| Trade receivables | 40 | €20,941 | €9,820 | -€11,121 | -53.1% |
| Other amounts receivable | 41 | €4,092 | €1,196 | -€2,896 | -70.8% |
| Cash at bank and in hand | 54/58 | €1,808 | €2,487 | +€679 | +37.5% |
| Deferred charges and accrued income | 490/1 | €1,853 | - | -€1,853 | |
| Total equity and liabilities | 10/49 | €39,940 | €32,324 | -€7,616 | -19.1% |
| Equity | 10/15 | -€142,826 | -€181,457 | -€38,631 | -27.0% |
| Contributions | 10/11 | €44,989 | €44,989 | = | 0.0% |
| Reserves | 13 | €2,635 | €2,635 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,635 | €2,635 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,635 | €2,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,450 | -€229,081 | -€38,631 | -20.3% |
| Amounts payable | 17/49 | €182,766 | €213,780 | +€31,014 | +17.0% |
| Amounts payable within one year | 42/48 | €182,766 | €213,780 | +€31,014 | +17.0% |
| Financial debts | 43 | €9,487 | €11,833 | +€2,345 | +24.7% |
| Credit institutions | 430/8 | €9,487 | €11,833 | +€2,345 | +24.7% |
| Trade debts | 44 | €59,951 | €28,164 | -€31,787 | -53.0% |
| Suppliers | 440/4 | €59,951 | €28,164 | -€31,787 | -53.0% |
| Taxes, remuneration and social security | 45 | €32,524 | €16,858 | -€15,666 | -48.2% |
| Taxes | 450/3 | €19,167 | €1,575 | -€17,592 | -91.8% |
| Remuneration and social security | 454/9 | €13,357 | €15,283 | +€1,925 | +14.4% |
| Other amounts payable | 47/48 | €80,803 | €156,926 | +€76,123 | +94.2% |
| Remuneration, social security and pensions | 62 | €128,409 | €21,566 | -€106,843 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,942 | €2,432 | -€511 | -17.4% |
| Other operating charges | 640/8 | €3,582 | €4,783 | +€1,201 | +33.5% |
| Non-recurring operating charges | 66A | €64 | - | -€64 | |
| Gross operating margin | 9900 | €139,200 | -€6,732 | -€145,932 | |
| Operating profit (loss) | 9901 | €4,203 | -€35,512 | -€39,715 | |
| Financial income | 75/76B | €32 | €0 | -€32 | -99.0% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -99.0% |
| Financial charges | 65/66B | €11,541 | €3,119 | -€8,423 | -73.0% |
| Recurring financial charges | 65 | €11,541 | €3,119 | -€8,423 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,306 | -€38,631 | -€31,324 | -429% |
| Income taxes | 67/77 | €286 | - | -€286 | |
| Profit (loss) for the period | 9904 | -€7,593 | -€38,631 | -€31,038 | -409% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,593 | -€38,631 | -€31,038 | -409% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.